Financial Summary (All financials)
In millions, except per share items | Dec-31-22 | Dec-31-21 | Dec-31-20 | Dec-31-19 | Dec-31-18 | Dec-31-17 | Dec-31-16 | Dec-31-15 |
Revenues | 951.1 | 864.5 | 764.8 | 648.8 | 516.6 | 426.0 | 400.9 | 336.8 |
Revenue growth | 10.0% | 13.0% | 17.9% | 25.6% | 21.3% | 6.3% | 19.0% | 7.6% |
Cost of goods sold | 651.4 | 594.7 | 538.5 | 469.6 | 379.8 | 310.1 | 294.6 | 245.5 |
Gross profit | 299.7 | 269.8 | 226.2 | 179.2 | 136.8 | 115.9 | 106.3 | 91.3 |
Gross margin | 31.5% | 31.2% | 29.6% | 27.6% | 26.5% | 27.2% | 26.5% | 27.1% |
General and administrative | 96.4 | 87.5 | 80.0 | 195.3 | 160.7 | 118.1 | 115.8 | 66.1 |
EBITA | -155.1 | -129.5 | -130.1 | 41.4 | 29.0 | 30.0 | 28.4 | 19.0 |
EBITA margin | -16.3% | -15.0% | -17.0% | 6.4% | 5.6% | 7.0% | 7.1% | 5.6% |
Amortization of intangibles | 7.2 | 8.5 | 7.1 | 6.6 | 6.2 | 4.7 | 4.9 | 3.0 |
EBIT | -162.3 | -138.0 | -137.2 | 34.8 | 22.8 | 25.3 | 23.5 | 16.0 |
EBIT margin | -17.1% | -16.0% | -17.9% | 5.4% | 4.4% | 5.9% | 5.9% | 4.8% |
Pre-tax income | 60.2 | 60.4 | 41.9 | 33.2 | 20.4 | 21.1 | 16.2 | 15.3 |
Income taxes | 14.1 | 15.3 | 8.8 | 7.4 | 4.1 | 9.3 | 4.1 | 3.9 |
Tax rate | 23.5% | 25.3% | 21.0% | 22.2% | 20.1% | 44.0% | 25.4% | 25.7% |
Net income | 46.0 | 45.1 | 33.1 | 25.8 | 16.3 | 11.8 | 12.1 | 11.4 |
Net margin | 4.8% | 5.2% | 4.3% | 4.0% | 3.2% | 2.8% | 3.0% | 3.4% |
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Diluted EPS | $2.84 | $2.81 | $2.08 | $1.81 | $1.32 | $1.02 | $1.06 | $1.01 |
Shares outstanding (diluted) | 16.2 | 16.1 | 16.0 | 14.2 | 12.4 | 11.6 | 11.3 | 11.2 |
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EBIT is a non-GAAP figure that excludes all non-recurring expenses: restructuring costs, asset impairments, IPR&D writeoffs, and other unusual charges. |
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